You're swimming in debt and trying to write out checks for all of your bills at the beginning of the month. Unfortunately, you don't have enough money in your checking account to cover them all. You are then left with the harsh decision on whether to not pay someone at all or send out a partial payment.

Lots of creditors are very cooperative when you call them to explain your situation. They are more than happy to take a partial payment and make arrangements to allow you to catch up. Yet, there are some who don't. They'll ream you out, raising your blood pressure and worry level to heights unbearable, outright refusing to accept a partial payment. What do you do?

Send them a partial payment anyway!! They have to take it - if they don't and send your check back to you - they are legally releasing you from your entire debt. No kidding! In the eyes of the law they are refusing payment and saying, "We don't want your money!"

The only law applicable is if you wrote "Payment in Full" in the memo area when you still owe a balance. They can still sign and cash the check, providing they write "under protest" beside it. They can also send the check back not endorsed with a letter stating they refuse to accept your Payment in Full terms.

Basically, a creditor refusing a check for partial payment when you still fully admit there is a balance due - legally releases you from the entire debt. You can't loose!

So be creative when forced to juggle your bills around. If a creditor really burns your buttons and sets your jugular pounding with rage try sending your next payment like this:

Hmmm, you 're probably making it up. I do think it is insane when they say that can't or won't accept a partial payment. But they do accept it, when it is given to them. It just means that they will still turn your butt over to collections because they only take full payments.

I get so confused. I think this is true but I am not sure which of you categories is true.I guess its wikiality. But the comment above suggests that wikiality is false. But this is a just for fun day so I won't wprry about it.

I'm with Dr. John... I'm not entirely sure of the difference. But since you said that truthiness is what you want to be true, then I'm going to say that this is Wikiality, because it sounds reasonable that a creditor must accept partial payment Enough of them have received partial payment from me, and none have sent it back. Unfortunately.